Middle East
Dubai FSA sees 25% surge in licensing to reach 791 firms over the last year
More than 40 domestic fund registration applications were received during the year
Investment | 9 May 24
Standard Chartered among first to offer UAE retail clients access to locally domiciled funds in DIFC
The move is in line with the new SCA regulation which restricts promotion of foreign funds to professional investors
Canaccord Genuity WM names David Muncaster for newly-created international distribution role
He will cover UK distribution, Guernsey, Jersey, and the Isle of Man and oversee the international sales in Europe, Middle East, and Asia.
Middle East | 1 May 24
Mike Coady becomes CEO of Skybound WM as Ian Sweet steps down
The leadership changes come after ‘thoughtful consideration’ by the company’s shareholders
Middle East | 29 Apr 24
Two jailed for laundering cash in suitcases from UK to Dubai
The total amount of criminally acquired cash flown out of London to Dubai was around £104m